Health insurance policy is the protector of people from highly risky diseases but buying a health insurance plan is not easy some mistakes need to be omitted.
Health is wealth and no doubt freaking for being healthy and fit is become a mania now-a-days; after advanced technologies and lifestyle people get affected easily. People are now-a-days fell ill often and pay a huge amount of money to get rid of that illness, for treatment n good hospitals etc. but spending so much for treatment is not a matter of joke as everyone has not that capability. Healthy living, good thinking, positive atmosphere and bonding with family can give a person enough life to live healthy but with all of these things, a routine check up or doctor visit is a must do thing in the list. The process is very long and tricky from choosing the coverage, comparing premiums across different companies, procedure of paying premiums while buying health insurance. Health Insurance Plans are essential for every person as it gives security and safety to the insured person with various benefits. There are various kinds of health insurance policies such as Individual Health Insurance Plans, Family Floater Plan, Children Insurance Plan, Car Insurance Plan, Mediclaim etc. But it is advisable to buy a policy for the parents or old persons of the house as it gill protect them in the time of critical illness or provide the expenditure while hospitalization. Though there are various terms and policies in every health insurance policy and various companies provide various additional benefits to their customer.
But while choosing health insurance plans people has a tendency to make many health insurance mistakes that could cost them very much during the time of claim settlement and reimbursement. Here are some common health insurance mistakes and the best way to solve those mistakes.
Poor research on the insurance company:
Insurance companies offer various policies and promise many attractive things for people while they don’t clearly mention about the claim settlement or paying premiums etc. It is the duty of people to check the real factors of claim settlement record and the final history of companies’ which are available within their area. Talking with the health insurance agents clearly is very important, people can at first check the websites of the selected insurance companies to know more about them.
Failing to state pre-existing medical conditions while purchasing:
This is a much known mistake done by major people on health insurance applications and it is done as people often forget to tell about pre-existing medical conditions. They think that the insurance companies will not be able to recognize about those previous medical conditions and they will get compensation for the treatment of these conditions. But they don’t know that every health insurance policy has come with a certain waiting period of up to 180 days and pre-existing medical conditions will be covered after a time of 48 months so if the insured person hide details of his/her pre-existing medical conditions then there will be delay in getting claims.
Over-insuring a person:
Health insurance policy is important for everyone and it is now mandatory of having a particular health insurance plan but to save themselves from all possible risks, people often cover themselves with inordinate sums of money as premium with a huge coverage plan. It is not that all kind of rare diseases can be covered under a huge health insurance policy and one rarely contact with them in his/her lifetime. So before buying any health insurance policy all the policy documents should be verified carefully and thoroughly before choosing the right one.
Buying cheaper coverage gives poor security
This mistake can risk the life of the insured person as it is the serious mistake and often done by people while choosing the health insurance policies. People think that low premiums can give them good coverage in cheap price but the reality is total opposite as low premiums give basically zero coverage and lead the life of the insured in danger. More than that, in the time of claim settlement the company may reject the claim as the condition for what the insured is hospitalized is not covered under that health insurance policy. So it is better to get an insurance plan that covers most probable and highly risky diseases.